The Ultimate Airbnb guide for hosts in Australia

You can post either the entire place or part of the property for rent (private room or shared room) on Airbnb. Airbnb will take 3% commission from the hosts and 6-12% from the guests.

You want to make sure the guests have access to the bare minimum they would have come to expect nowadays and also deliver pleasant surprises to make their stay memorable in a positive way.

You want to include the photos highlighting the best features of the property but also want to set realistic expectations with the guests.

While the maximum and minimum you can charge are likely set by the value of your property (based on size, location, etc.), you have quite more control over the revenue stream than you realise.

If expectations are not clearly set, you can be on the hook for damages caused by guest behaviours not explicitly prohibited by your house rules.

According to the survey, 94% of consumers will avoid dealing with a business with bad reviews. People don’t trust businesses with lower than 4-star ratings. So listings with lower ratings will have to compromise seriously on the price to attract bookings.

You want your occupancy rate to be 80% or higher for the next couple weeks and be at about 30-60% for the next 2 months.

Airbnb offers $1M host protection insurance and $1M host guarantee to almost all hosts globally. The host guarantee is not insurance but a resolution program offered by Airbnb to help hosts in cases of theft or property damages.

Oftentimes property managers will offer a shared revenue model in exchange for full management services. Some (although not a lot) offer a la carte services where a host can cherry pick some key services a property manager can offer.

Airbnb Plus is an invite-only programme made up of top superhosts and places. Airbnb Luxe, on the other hand, is even more of an elite programme for the most extraordinary homes handpicked by the Airbnb team.